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Charity accused over land deal, loans

By He Dan and Liu Xiangrui | China Daily | Updated: 2011-09-05 07:56

Charity accused over land deal, loans

ZHENGZHOU - Authorities in Central China's Henan province are investigating a local charity group that reportedly misused funds, while the Beijing-based China Soong Ching Ling Foundation (CSCLF) is denying that it has any managerial ties with the charity group using the same name.

According to a report in the Southern Weekly on Thursday, the Soong Ching Ling Foundation in Henan reportedly made large loans to several companies and converted a charitable construction project into a luxury apartment building.

In response to the report, officials with the Henan foundation said they were waiting for "instructions from the China Soong Ching Ling Foundation" to clarify the facts.

Charity accused over land deal, loans

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